Softbank may finally call off T-Mobile, Sprint merger negotiations

Will They Or Won't They? Conflicting Reports Muddy The Waters For Potential Sprint-T-Mobile Merger
Softbank ready to call off Sprint-T-Mobile merger talks - report
Author

01 November, 2017

In a research note, Philip Cusick, an analyst at JP Morgan said; "With no merger of Sprint and T-Mobile, as well as the entrance of Comcast and Charter into wireless, we expect Verizon to have a hard run going forward".

Sprint and T-Mobile won't be merging after all. While the Japanese company reached a broad agreement with T-Mobile owner Deutsche Telekom, they were unable to finalise the last details, the report said. However, Softbank's board discussed at a meeting 27 October that the company would not give up control. Sprint, T-Mobile and SoftBank representatives didn't immediately reply to requests for comment.

The logic behind the deal has been that a combined company would be a stronger third player in the USA wireless market and could use advanced 5G high-speed technology to deliver data and video service to compete with cable companies.

Nikkei, however, reported that the board revisited that decision on Friday and would approach Deutsche Telekom about ending merger talks as early as Tuesday. The companies had been ironing out final terms of the merger in the hopes of announcing a deal in mid- to late November, people familiar with the matter told Bloomberg earlier this month.

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Sprint shares sank 9.5 percent in NY trading, while T-Mobile fell 5.5 percent.

If the discussions fall apart then it would be the second time a failed attempt made in merging T-mobile and Sprint.

SoftBank founder and CEO Masayoshi Son previously withdraw an attempt to purchase T-Mobile back in 2014, amid USA regulator customer concerns.

Deutsche Telekom, based on Bonn, Germany, has maintained throughout the talks this year with SoftBank that it should maintain control of the combined company.


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